Category Archives: Liquidation

Government announces most significant reform to corporate insolvency landscape for 16 years – Bdaily

Commenting on the announcement from the Department for Business, Energy, and Industrial Strategy on corporate governance and corporate insolvency framework reform proposals, William Ballmann, Yorkshire council member for R3 and consultant at Gateley plc in Leeds, says: R3 welcomes the governments long-awaited announcement that it is moving forward with its corporate insolvency framework reform proposals,…

What’s the address of your company’s registered office? | OPINION – Newcastle Herald

Do you know the address of your companys registered office? You should know it might not be the same as your principal place of business. Understanding the difference between the two could save immense stress, legal costs and your company. The address of a companys registered office is the place where documents can be effectively served.…

What’s the address of your company’s registered office? | OPINION – Newcastle Herald

Do you know the address of your companys registered office? You should know it might not be the same as your principal place of business. Understanding the difference between the two could save immense stress, legal costs and your company. The address of a companys registered office is the place where documents can be effectively served.…

Start-ups not accessing director safe harbour bankruptcy laws – The Australian Financial Review

Start-ups that are most in need of government safe harbour laws to protect directors of struggling companies from bankruptcy liabilities, are failing to take up the option, locked out thanks to high advisory costs and tax debts. The laws, which were introduced almost a year ago, are designed to protect directors of a company from…

What’s the address of your company’s registered office? | OPINION – Newcastle Herald

Do you know the address of your companys registered office? You should know it might not be the same as your principal place of business. Understanding the difference between the two could save immense stress, legal costs and your company. The address of a companys registered office is the place where documents can be effectively served.…

Melbourne ISP Telecube goes into liquidation – iTWire

A small Melbourne-based Internet services provider Telecube has gone into liquidation with effect from 29 August and has asked its NBN clients to obtain a connection elsewhere. In an email sent to users, Telecube said: “The purpose of this letter is to inform you that Telecube will no longer be offering NBN services from 4th September…

Pune: Lavasa investors worried as promoter faces insolvency – Times of India

PUNE: Those who invested their hard-earned money in Lavasa are a worried lot, with the promoter of the scenic hill station facing insolvency proceedings. In a filing with the Bombay Stock Exchange, real estate firm HCC said the National Company Law Tribunal has admitted a plea filed by creditors, who initiated the corporate insolvency resolution…

BioAmber Provides Update on Liquidation Process & Announces Resignations of Board Members and Officers – PR Newswire (press release)

MONTREAL, Aug. 31, 2018 /PRNewswire/ – BioAmber Inc. (the “Company”)  (OTCPK: BIOAQ) announces that following a Court order issued on August 28th, 2018, the stay period ordered by the Court in connection with its restructuring process under the terms of the Companies’ Creditors Arrangement Act has been extended until September 18th, 2018, in order to give…

Stressed assets: Liquidation, sale on piecemeal basis not the right strategy – The Hindu BusinessLine

The liquidation of a company and sale of stressed assets on a piecemeal manner may not be the best way as valuations could further dip and may be detrimental to the interest of various stakeholders as also lenders. The Insolvency and Bankruptcy Code, seeking to facilitate resolution plans guided by the National Company Law Tribunals,…

Inconsistency between IBC and regulations – Financial Express

The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances. The enactment of the Insolvency and Bankruptcy Code (IBC) has created a paradigm shift in the regulatory framework and processes governing corporate insolvency. The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances.With…